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03-08-2008, 10:14 PM
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you really really really right. from my experiences I made a lot of mistakes you have mentioned. so how many trades(mini with a 1k acount.....) should I get in one day? I think I'll stick with one but I tend to place more than one order. should I only place one order and get to know that order well? kinda obvious but just wondering what the expert would say
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03-08-2008, 10:15 PM
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maby I'll read it before trading too omg I should print it out!
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03-08-2008, 10:20 PM
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love it just love it gota say this ur brilliant thanks for pointint them all out I dont have a printer....(poor) so ye I'm gona write it all out! being trading for 1 year and all te stuff you said really fits my experience so ye. I think your 45 points can help me stop loosing since I always tend to do CHARITY TRADES AFTER I WIN....... its like I like to stuff around... anyways I'm gona write it all down !! 5 stars
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03-09-2008, 11:14 AM
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whats up theunder18kid? gettin closer to the 50 posts huh?
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03-13-2008, 09:57 AM
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Bad experience
Hi
I have just started trading about a week plus. I did make some profits but my loss now is around 500 USD. Seem to be making more loss than profit.Feel really depressed cos when i did virtual trading i did much better than this.I am trading the GBP/USD. I feel so afraid to trade again. Can anyone help me out n let me know about your experiences. Thank you.
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03-13-2008, 10:03 AM
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your experience- my exp
Hi Maya
Ok, so I'm a rookie here too. I can let you in on a coupla points. If you are not sure about your trading just trade demo for a while until you build up some confidence. Also, trade less each time. Instead of 1 lot use a micro lot like .25 or less. This way you will minimize your losses. Is this too mundane? Am I repeating what you already know? Also, it's kinda hard to know what you are doing w/o more info. S>
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03-13-2008, 10:55 AM
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I agree I lost alot of money too and went down to micro's It is real money and I feel like I am building confidence. Ive always looked for the fast and easy way but if there was then everybody would be rich off of forex. the truth is alot of peole don't make it. If you are losing more than 2 trades in a row stop trading, thats what i do coz it messes with you. Next you will be letting your losses run and stopping your profits short because you will be afraid to lose. Just take a step back and look at the trades you decided to make and why, in this respect it is a really great idea to keep a journal because it offers amazing insight to what you are doing wrong or right for that matter. Hope this helps
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03-13-2008, 04:02 PM
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hahahahhaha!!!! thats funny didjerdu its better than my wife who calls me johnny cargo
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03-13-2008, 08:13 PM
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to add on jonnykanoo's bit about the journal ...
i find it quite useful to take a screenshot of a chart from each day i trade and mark my entires and exits ( also whatever pertinent info regarding the trade ) that way i can see what i did and didnīt do, see etc .... like maybe i was right about direction but entered too early and had to "suffer" a bit of red pips before it went my way .... or the trade that was positive but slowly turned negative because i thought it was a minor correction and was hanging on to "let my profits run " or that time i bought at the top , sold at the bottom ... there is so many little glitches we experience as we are learning ... having a visual reference of each trade is wonderful .... i can't lie though , reviewing your losing trades will sting ( at first) , but since iīve been doing the screenshot thing , my trading has improved tremendously and my stupid mistakes are much less ... a screenshot of a "bad trade" is a much better teacher than a screenshot of a "good trade " where everything went your way ..... hope this helps save you a bit of "tuition" 
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